Bitcoin News
By Sakamoto Nashi
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Selling Pressure Slows, Transfer Volumes Increase. The pressure from long-term Bitcoin holders selling off their assets has been waning.
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Stablecoin Ratio Channel and Liquidity Increase. The stablecoin ratio channel, which signals a buying opportunity during bearish phases, is also…
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U.S. Investor Sentiment and the Coinbase Premium Index. The Coinbase Premium Index, which tracks the price difference between Coinbase and Binance, has…
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Long-Term Holders’ Behavior and CDD Metrics. Another key metric pointing to a possible end to the sell-off is the BTC coin days destroyed…
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Caution Advised: Recovery Not Immediate. Although all these indicators point toward the potential end of the downtrend, traders and…
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Bitcoin’s recent major sell-off may be coming to an end, suggesting a potential recovery on the horizon, but it’s not yet certain.
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The pressure from long-term Bitcoin holders selling off their assets has been waning. According to crypto analyst Axel Adler Jr.
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Meanwhile, Bitcoin's token transfer volume has been mirroring the levels observed at the start of the previous bull run, signaling that the market could be transitioning from a…
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The Coinbase Premium Index, which tracks the price difference between Coinbase and Binance, has been neutral for the past few months, indicating a lack of strong demand from U.S.
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At present, the index is at neutral levels, suggesting that investor sentiment is hesitant but not entirely bearish.
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Another key metric pointing to a possible end to the sell-off is the BTC coin days destroyed (CDD), which tracks long-term holder activity.
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This decline in CDD suggests that fewer long-term holders are selling, and as a result, the downward pressure on Bitcoin’s price is easing.
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In conclusion, while Bitcoin may be nearing the end of its major sell-off, the road to recovery could still take time.
The Currency Analytics
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